0:4 Market activity known as production for
(a) exchange
(b) earning income
(c) earning profit
(d) all of the above
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Answer:
Market activity known as production for-
(a) exchange
(b) earning income
(c) earning profit
(d) all of the above
Explanation:
- The topic market activity is related with the economy that is economic activity which includes the production and consumption of goods.
- This activities are performed for pay or for profit.
- Economic activities are the also known as market activities. It involves remuneration to any one who perform the activity performed for profit.
- There are parts of economic activity that parts of market activity- resources management, the production of goods and services, the distribution of goods and services and the consumption of goods and services.
- Market activity known as production for exchange.
- Exchange is the correct answer which is option number A from the given options of exchange, earning income, earning profit, and all of the above.
- The correct answer is exchange.
Hence, exchange is right answer.
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